Friends,
Debasis has asked me , whether this is the best time to enter market…that is a very very difficult question to answer.
I think even Warren Buffet or Ramesh Damani nor RJ can't answer this question.The only answer can be, buy when one see values.
Warren bought Wringly products when Dow was at 12000 and Kraft Foods when Dow was at 14k….and he is holding both.No one can pick the bottom nor the top.
Maybe one or two stock it is possible but one can’t repeat the performace forever.
So the best thing is buy when one sees value.
But that calculation can also go wrong if stocks drifts more further if we buy it even at 50% less….. …..
There can be no best level for entry because individual stocks runs on its merits …and when they run they do not look whether it is a bear market or bull market and hence we use to see 52 week high stocks even in bear markets.Hence only thing can be done is after due diligence , if one founds value then buy that stock and sit on it….until it runs…..
Make things clear….How much returns one wants. Sell as soon as that return gets achieved…don’t go to ask anyone….whether u have to sell it or hold it….
Booking profit is necessary for everyone.If one will see profit,only then one will be able to play in market.If some one has made big profit in market, use it. Go to some hill station with family , friends..buy something you so much wanted to buy….help someone you wanted to, near ones or dear ones…….
1) Make Goals.Tell yourself that if I earn so much I will use the profit in these way
2) Have a target.Tell yourself..I will sell this stock as soon as I get 30%-40% etc return…and stick to it…
3)Decide how much you wants to make return in whole year.
4)Decide how much amount you will be able to put in a year and expect how much return you need atleast.
5) Buy stocks with great future.Have conviction in what you buy.
6) Find stocks your self.This gives you enormous confidence and conviction.Read "Capital Market" magazine.Buy it every fortnight. Read the scoreboard regularly.
It give Promoters stake,BV,EPS,CPS….etc…..I have always been able to find multibaggers looking at the SB of CM magazine.
I hope this small tips can help readers.
Some of the stocks I like and I track are:
1) L&T( a gem of a co)
2) Ril Ind
3) Tata Chem
4) Guj Alkali
5) RPL
6) Siemens
7) Areva
8) Thermax
9) GSFC
10) Time Techno
11) Lupin
12) Champange Ind
13) NCC
14) HCC
15) Ril Ind Infra
16) LIC Housing
17) Madhucon Projects
18) India Glycols
19) Jindal Drilling
20) Alpha Geo
I have given only Large caps and Midcaps as I feel I use to discuss small caps many a times but I am sure getting return on the above of 50% is not a big deal in a year….
Best of Luck,
Rajeev
Hi Rajeev:
ReplyDeleteHow are you , thanks for putting up the list ,will help readers like us.
Please can you suggest few sites which would give good statistics of the companies like eps,BV etc.... online apart from moneycontrol
Thanks,
Hiren
No Hiren,
ReplyDeleteI have access for web version of Capital Market Magazine.